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Beleaguered Made.com has decided “to temporarily suspend new customer orders” following yesterday’s termination of talks with potential buyers. The firm said the latest move was done to “preserve value for its creditors and shareholders”. This comes after the company ended negotiations with all potential buyers yesterday, after no party could commit to a suitable timetable [...]
Getir has joined forces with Co-op to deliver groceries from the retailer to consumers in a hurry. The rapid delivery firm will launch a pilot to offer app users hundreds of Co-op products across London from today. Nisa Retail, Co-op group’s wholesale division, will be working with Getir to supply the range of around 300 [...]
Retail investment platform AJ Bell said its customers’ assets had dipped two per cent in the past year as volatility on the markets offset a surge in investors pouring onto its platform.
Uber Eats has confirmed plans to start delivering cannabis at home, thereby helping consumers to “steer them away from the underground market.” In a statement, the on-demand giant said it will begin delivering marihuana to customers in Toronto, Canada. The announcement follows a partnership between the company and online marijuana marketplace Leafly to deliver cannabis [...]
Poundland parent firm Pepco Group has revealed a rise in sales over the past year, boosted by its rapid store expansion programme. The company said total group revenues grew by 17.4 per cent to £4.25bn over the year to September, compared with the previous year. The firm’s Poundland business reported a 5 per cent increase [...]
Ever since Covid became a household name and the pandemic creeped into businesses’ operations, global supply chains have been under more pressure than ever. It is one of the reasons urgent supply chain commerce transformation has been at the top of the agenda of retail giants, industry leaders, product experts and agents of change. One [...]
Retail traders have been looking to follow the lead of hedge funds in the past week and capitalise on wild swings in the value of the sterling, sparked by the government’s tax-cutting mini budget.
Recent figures show retail is feeling the effects of the cost of living crisis. Latest figures from the Office for National Statistics show a 0.5 per cent drop in spending last month, with a 1.6 per cent decrease in food sales. As a result, many businesses are under so much pressure they have no choice but to [...]
The City watchdog has given the green light for Michael Summersgill to take over as chief of retail investment giant AJ Bell today, as founder Andy Bell prepares to step down at the end of this month after 27 years at the helm.
The successful launch of a wardrobe staples collection has given online fashion retailer In The Style a major boost, prompting the company to say this morning it is making solid progress in its growth plan. The own-brand staples range marked a step away from its traditional influencer campaigns and will bring in more sales opportunities, [...]
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